Sylva Rotary 5/29/2014
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Transcript of Sylva Rotary 5/29/2014
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Tourism’s Economic Importance to the Jackson Co. Economy
Tourism Works for Jackson County
Steve Morse, Ph.D.Director & Economist
Hospitality & Tourism ProgramCollege of Business
Western Carolina UniversityCullowhee, NC
Ph: (828) 227-3386E-mail: [email protected]
COLLEGE OF BUSINESS
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Thank You:
Sylva Rotary Club
COLLEGE OF BUSINESS
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Presentation Agenda – 3 Topics
Tourist spending generates jobs, paychecks & local taxes1.
Not all tourism jobs are low-skill, low-paying jobs2.
3.Tourism creates a higher quality of life & attracts businesses for more Econ Development
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My EconomistJoke
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Where am I? You’re
in a Balloon!
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Economic Development s Jobs s Taxes
Tourism ConferenceApril 11, 2014Cullowhee, NC
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Source: NC Division of Tourism & U.S. Travel Association’s Report “The Economic Impact of Travel on NC Counties, 2002-2012”
Jackson Co. Ten Year Trend of Tourist Spending 2002 – 2012, ($ millions)
$53.6 $53.5 $55.7
$61.7
$68.2$72.6
$69.1
$60.9 $62.6$66.8
$69.6
$0
$10
$20
$30
$40
$50
$60
$70
$80
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
($ millions) Recession
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Jackson Co. & Area Counties for Tourist Spending, 2012 Swain Co. $293.0 million Macon Co. $135.7 million Haywood Co. $126.3 million Transylvania Co. $80.9 million Jackson Co. $69.6 million Cherokee Co. $35.3 million Graham Co. $24.8 million Clay Co. $12.3 million
Source: NC Division of Tourism & U.S. Travel Association’s Report “The Economic Impact of Travel on NC Counties, 2012”
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Tourism Works for Jackson Co. in 2012
Source: NC Division of Tourism & U.S. Travel Association’s Report “The Economic Impact of Travel on North Carolina Counties, 2012”
Tourist Spending
Jobs Created
Worker Paychecks
State Taxes
Local County Taxes
$69.55 million
580 jobs
$11.04 million
$3.07 million
$5.31 million
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Tourists are Temporary
Tax Payers
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Source: NC Division of Tourism & U.S. Travel Association’s Report “The Economic Impact of Travel on North Carolina Counties, 2012”; U.S. Census Bureau, Dr. Steve Morse, Western Carolina University
• Tourists are considered
“Temporary Tax Payers”
• Each of the 26,140 households in Jackson Co. pay $321 less in State and local taxes as a result of taxes generated by tourist spending
Tourism Tax Relief for Jackson Co.
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Source: NC Division of Tourism & U.S. Travel Association’s Report “The Economic Impact of Travel on North Carolina Counties, 2012”; U.S. Census Bureau, Dr. Steve Morse, Western Carolina University
Each of the 26,140 Jackson Co. Households would pay
$321 more in taxes
In other words, if it were not for State & local taxes generated by tourism …
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$$321 in Tourism Tax Relief for Each Household in
Jackson County
321.00
May 29, 2014
Jackson County
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Region 1Cherokee, Clay,
Graham & Macon
Counties
Region 2Haywood, Jackson,
Transylvania & Swain
Counties
Region 3Avery, Ashe, Wilkes,
Alleghany, Caldwell &
Watauga Counties
Region 4Yancey, Mitchell,
Madison, McDowell &
Burke CountiesRegion 5
Buncombe &
Henderson Counties
5 Regions for Western North Carolina Fall
Foliage Travel Trends and Forecast
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Region 2: No. Hotel Rooms Sold in Jackson, Haywood, Transylvania & Swain Counties, 2012
46,996 51,964
70,951 82,279
97,817
116,073
124,818
109,699 101,677
126,462
73,141
61,637
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
Source: Smith Travel Research & Dr. Steve Morse, Western Carolina University
No. Rooms Nights Sold
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Region 2: October 2012 Week-Day vs. Week-End Hotel Occupancy Rate
60.4%
91.9%
0%
25%
50%
75%
100%
Week-Day Week-End
Note: Week-Day includes Sunday through ThursdayWeek-End includes Friday and Saturday
Occupancy Rate
Source: Smith Travel Research & Dr. Steve Morse, Western Carolina University
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Oct. 1 – 15, 2013Federal Gov’t
Shutdown
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The Great Smoky Mountains National Park is the No. 1 most visited NP in the U.S.
9.684.42
3.853.443.22
2.972.82
2.462.432.29
0 2 4 6 8 10 12
(1) Great Smoky Mtns. NP (TN/NC)
(2) Grand Canyon NP (AZ)
(3) Yosemite NP (CA)
(4) Yellowstone NP (WY, MT, ID)
(5) Rocky Mtn. NP (CO)
(6) Zion NP (UT)
(7) Olympia NP (WA)
(8) Grand Teton NP (WY)
(9) Arcadia NP (ME)
(10) Cuyahoga Valley NP (OH)
(million visitors)
Source: U.S. Dept. Of the Interior, National Park Service, University of Idaho Study of National Park Visitation, 2012
(million visitors)
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Jackson Co. Taxable Sales, Oct 2012 vs. Oct. 2013
Effects of Great Smoky Mountain National Park Shutdown
$33.24
$31.42
$31$31$32$32$33$33$34
Oct.2012
Oct.2013
$ million
Source: NC Dept. of Revenue
Oct. 2013 National Park
Shutdown Effect
-5.4%
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Percent Change in Taxable Sales, Oct. 2013 vs. Oct. 2012
-30.0%
-18.8%
-11.3%-9.4%
-5.4%-3.2%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
ClayCo.
GrahamCo.
SwainCo.
CherokeeCo.
JacksonCo.
MaconCo.
Note: Federal Gov’t Shutdown included closingThe Great Smoky Mountain National Park for the first 15 days of Oct. 2013.
Source: NC Dept. of Revenue
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How have Jackson Co. Employment Trends Changed From 2001 to 2011?
Industry (% of total jobs) 2001 2011
Tourism & Hospitality 22.7%Retail & Wholesale Trade, Transp, Utilities
21.9%
Education & Health Services 18.2%
Prof. & Business Services 12.0%Construction 10.3%Manufacturing 6.8%
Source: U.S. Dept. of Commerce, Bureau of Labor Statistics
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How have Jackson Co. Employment Trends Changed From 2001 to 2012?
Industry (% of total jobs) 2001 2012
Tourism & Hospitality 22.7% 26.2%Retail & Wholesale Trade, Transp, Utilities
21.9% 21.4%
Education & Health Services 18.2% 22.0%
Prof. & Business Services 12.0% 10.4%Construction 10.3% 6.9%Manufacturing 6.8% 3.5%Source: U.S. Dept. of Commerce, Bureau of Labor Statistics
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1 out of every 4 jobs (or 26%) in Jackson Co. are in the hospitality
and tourism industry
Source: U.S. Dept. of Labor, Bureau of Labor Statistics
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In Jackson County,Tourism jobs will NEVER
be outsourced to another country
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Does tourism have a role helping create quality jobs in Jackson Co.?
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Tomorrow’s High Quality Workforce:
North Carolina’s“Creative Class”
of workers
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Who are the new creative class of workers?
Technology ProfessionalsArts & Culture ExpertsManagerial & AnalyticalEducation & Training
Professionals
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Some future workers will be able to work from nearly ….. Anywhere
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Downtown urban areas &
cities, or …
Future workers will have a choice of locations to work from
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Towns and communities like Sylva, Dillsboro, Cullowhee, or Cashiers
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Measures of “Quality of Life” attracting next generation of innovators & entrepreneurs
Last 30 yearsQuality of Life
Low Home Prices
Good Schools
Low Tax Rates
Low Crime Rate
Available Transp
Next 30 yearsQuality of Life
Diverse Cultures
Natural Resources
Sense of Community
Open Space & Greenways
Local Unique Flavor
+ Plus
+ Plus
+ Plus
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Today’s Visitor
could be ….
Tomorrow’s Business Investor
In Sylva, Dillsboro, Cullowhee, Cashiers, or Webster …
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TourismEcon Dev
Main Message - Perfect Fit:Tourism and Economic Development
For Jackson Co.
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Thank You for Inviting Me!
Steve MorseWestern Carolina University
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Thank You for Inviting me!
Steve Morse, Ph.D.Economist
Western Carolina UniversityPh: (828) 227-3386
Email: [email protected]